WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO FINANCIAL AND COMPLIANCE REPORT DECEMBER 31, 2016

Size: px
Start display at page:

Download "WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO FINANCIAL AND COMPLIANCE REPORT DECEMBER 31, 2016"

Transcription

1 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO FINANCIAL AND COMPLIANCE REPORT DECEMBER 31, 2016 Person Responsible for Audit: Smith, Schafer and Associates, Ltd. Benjamin J. Turnquist, Senior Manager Suite South Broadway Rochester, Minnesota (507) Smith Schafer's Federal Identification Number

2

3 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial Position 3-4 Statements of Activities 5 Statements of Changes in Members' Equity 6 Statements of Cash Flows 7-8 Notes to Financial Statements 9-12 SUPPORTING DATA Schedule of: Reserves 13 Changes in Fixed Asset Accounts Statements of Profit and Loss COMPLIANCE REPORT Independent Auditor's Report On: Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards Compliance for Each Major Program and on Internal Control Over Compliance required by the Uniform Guidance Schedule of Expenditures of Federal Awards 22 Schedule of Findings and Questioned Costs 23 Independent Auditor s Comments on Prior Audit Findings 24 CERTIFICATE OF MEMBERS AND MANAGEMENT AGENT 25

4

5 INDEPENDENT AUDITOR'S REPORT To the Members U.S. Department of Housing Willow Brook Cooperative of Winona and Urban Development Winona, Minnesota Minneapolis, Minnesota Report on the Financial Statements We have audited the accompanying financial statements of Willow Brook Cooperative of Winona, U.S. Department of Housing and Urban Development (HUD) Project No , which comprise the statement of financial position as of December 31, 2016 and 2015, and the related statements of activities, changes in members equity, and cash flows for the years then ended, and the related notes to financial statements. Management s Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor s Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Willow Brook Cooperative of Winona, HUD Project No , as of December 31, 2016 and 2015, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

6 To the Members Willow Brook Cooperative of Winona Page Two Other Matters Other Information Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying supporting data shown on pages is presented for purposes of additional analysis as required by the Consolidated Audit Guide for Audits of HUD Programs issued by the U.S. Department of Housing and Urban Development, Office of the Inspector General, and is not a required part of the financial statements.. The accompanying schedule of expenditures of federal awards, as required by Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated, in all material respects, in relation to the financial statements as a whole. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated March 29, 2017 on our consideration of Willow Brook Cooperative of Winona, HUD Project No s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Willow Brook Cooperative of Winona, HUD Project No s internal control over financial reporting and compliance. Rochester, Minnesota March 29, 2017

7 FINANCIAL STATEMENTS

8 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO STATEMENTS OF FINANCIAL POSITION December 31, 2016 and 2015 ASSETS Current Assets 1120 Cash - operations $ 15,943 $ 17, Supplemental reserve 190, , Prepaid expenses 26,606 27,072 Total Current Assets 232, ,807 Deposits Held in Trust 1191 Deposits held in trust 10,000 7,500 Restricted Deposits (Note 3) 1310 Escrow deposits 21,334 21, Replacement reserve 84,042 73, General operating reserve 63,088 48,389 Total Restricted Deposits 168, ,169 Property and Equipment, at Cost 1410 Land and improvements 500, , Buildings 6,966,617 6,966, Furnishings and equipment 78,512 69,907 Total Property and Equipment 7,545,129 7,536, Less: Accumulated depreciation 760, ,936 Property and Equipment - Net 6,784,802 6,955,588 Intangible Assets (Note 1) 1520 Deferred financing costs, net 60,363 62,053 TOTAL ASSETS $ 7,256,536 $ 7,338,117 See Notes to Financial Statements 3

9 LIABILITIES AND MEMBERS' EQUITY Current Liabilities 2110 Accounts payable - operations $ 5,800 $ 5, Accrued management fees 1,530 1, Accrued interest - mortgage 8,954 9, Accrued property taxes 16,334 16, Current portion of mortgage payable 75,560 73, Prepaid revenue Total Current Liabilities 109, ,668 Deposit Liabilities 2191 Deposits held in trust 10,000 7,500 Notes Payable (Note 3) 2320 Mortgage payable 4,315,138 4,388, Less: Current portion (75,560) (73,703) Total Notes Payable 4,239,578 4,315,138 TOTAL LIABILITIES 4,358,612 4,429,306 MEMBERS' EQUITY 2,897,924 2,908,811 TOTAL LIABILITIES AND MEMBERS' EQUITY $ 7,256,536 $ 7,338,117 4

10 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO STATEMENTS OF ACTIVITIES For the Years Ended December 31, 2016 and Revenues Member carrying charges $ 497,544 $ 497,544 Interest 1, Other income 5,586 8,456 Total Revenues 505, ,135 Expenses General and Administrative 55,799 53,751 Utilities 24,849 28,532 Operating and maintenance 50,231 51,655 Taxes and insurance 73,337 73,703 Interest and financial 130, ,913 Depreciation and amortization 181, ,713 Total Expenses 515, ,267 Net Loss $ (10,887) $ (14,132) See Notes to Financial Statements 5

11 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO STATEMENTS OF CHANGES IN MEMBERS' EQUITY For the Years Ended December 31, 2016 and 2015 Membership Accumulated Certificates Deficit Total Members' Equity, December 31, 2014 $ 2,973,488 $ (50,545) $ 2,922,943 Net Loss (14,132) (14,132) Members' Equity, December 31, ,973,488 (64,677) $ 2,908,811 Net Loss (10,887) (10,887) Members' Equity, December 31, 2016 $ 2,973,488 $ (75,564) $ 2,897,924 See Notes to Financial Statements 6

12 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO STATEMENT OF CASH FLOWS For the Years Ended December 31, 2016 and Cash Flows From Operating Activities Cash received from (paid for): Member carrying charges $ 497,544 $ 498,400 Interest receipts 1, Other receipts 5,586 8,456 Administrative (20,212) (19,618) Management fee (11,288) (11,142) Utilities (24,849) (28,532) Salaries and wages (30,919) (37,433) Operating and maintenance (42,949) (36,495) Real estate taxes (58,470) (59,312) Property insurance (10,743) (11,362) Miscellaneous taxes and insurance (3,658) (4,471) Interest on mortgage (108,445) (110,255) Mortgage insurance premiums (22,350) (21,808) Deposits held in trust 7 Net Cash Provided By Operating Activities 171, ,570 Cash Flows From Investing Activities Payments from escrow deposits 336 1,770 Additions to reserve for replacements (10,932) (23,093) Additions to operational reserve (14,699) (26,764) Purchase of property and equipment (8,605) (7,915) Net Cash Used In Investing Activities (33,900) (56,002) Cash Flows From Financing Activities Principal payments on mortgage note (73,703) (71,893) Net Increase in Cash and Cash Equivalents 63,566 38,675 Cash and Cash Equivalents - Beginning of Year 142, ,060 Cash and Cash Equivalents - End of Year $ 206,301 $ 142,735 See Notes to Financial Statements 7

13 Reconciliation of Net Loss to Net Cash Provided By Operating Activities Net Loss $ (10,887) $ (14,132) Adjustments to reconcile net loss to net cash provided by operating activities: Depreciation 179, ,023 Amortization 1,690 1,689 (Increase) decrease in: Deposits held in trust (2,500) 207 Prepaid expenses 466 (834) Increase (decrease) in: Accounts payable Accrued liabilities Accrued interest payable (153) (149) Deposits held in trust 2,500 (200) Net Cash Provided By Operating Activities $ 171,169 $ 166,570 8

14 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO NOTES TO FINANCIAL STATEMENTS 1. Summary of Significant Accounting Policies Nature of Business Willow Brook Cooperative of Winona, (the "Cooperative") was incorporated on November 5, 2009, as a cooperative under the laws of the State of Minnesota to operate a 38-unit housing project located in Winona, Minnesota for its members under Section 213 of Title II of the National Housing Act. The Section 213 program is a federally assisted program designed to provide federal insurance on the financing of housing projects including cooperative housing. The Cooperative has entered into a regulatory agreement with HUD/FHA to operate under the provisions of Section 213 of the National Housing Act. Accordingly, the operations of the Cooperative are subject to the administrative directives, rules and regulations of federal, state and regulatory agencies, including but not limited to, HUD. Such administrative directives, rules and regulations are subject to change by an act of Congress or an administrative change mandated by HUD. Such changes may occur with little notice or inadequate funding to pay for the related cost, including the administrative burden to comply with a change. Basis of Accounting The financial statements are prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America. Cash and Cash Equivalents The Cooperative has designated cash equivalents as demand deposits and all investments with an original maturity of three months or less. Use of Estimates The preparation of financial statements under accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from the estimates. Member s Accounts Receivable Management believes all receivables are collectible and has not recorded an allowance for doubtful accounts. While the ultimate uncollectible amounts may differ, management believes that any additional loss would not materially impact the Cooperative's financial position. However, it is at least reasonably possible management's estimate will change during the next year. 9

15 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO NOTES TO FINANCIAL STATEMENTS 1. Summary of Significant Accounting Policies (Continued) Member Carrying Charges Members of the Cooperative are charged a monthly carrying charge to cover the operating expenses of the property including mortgage interest, real estate taxes, insurance, heat, common area utilities, maintenance and management, mortgage insurance premiums, mortgage principal and reserve contributions. Under the regulatory agreement with HUD, the Cooperative may not increase member carrying charges without HUD approval. Concentration of Credit Risk Financial instruments which potentially subject the Cooperative to concentrations of credit risk consist principally of cash, cash equivalents and escrowed deposits. The Cooperative places its cash and escrowed deposits with financial institutions insured up to $250,000 by the Federal Deposit Insurance Corporation. Property and Depreciation Property and equipment are being depreciated using the straight-line method over the following estimated useful lives of 40 years for buildings and improvements and 15 years for equipment and furnishings. Loan Financing Costs Loan financing costs consists of costs incurred in the process of financing the Cooperative's mortgage. These costs have been capitalized and are being amortized using the straight-line method over 40 years. Income Taxes The Cooperative elected to file income tax return Form 1120 and includes only investment income and other nonexempt income as subject to tax. The Cooperative s federal income tax returns are subject to examination by the IRS, generally for three years after they were filed. 2. Tenant Deposits Held in Trust Tenant deposits held in trust are maintained in an interest bearing savings account separate from the operating account of the project. Withdrawals are restricted to reimbursements of tenants deposits. 10

16 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO NOTES TO FINANCIAL STATEMENTS 3. Notes Payable Notes Payable Mortgage note payable due in monthly installments of $15,179 including interest at 2.49%, due October 1, 2052, secured by building $ 4,315,138 $ 4,388,841 Less: Current portion 75,560 73,703 Long-term portion $ 4,239,578 $ 4,315,138 Future maturities of long-term debt, excluding interest, are as follows: Debt Maturities (Excluding Interest) 2017 $ 75, , , , ,464 Thereafter 3,917,823 Total $ 4,315,138 Restricted Deposits and Funded Reserves In accordance with provisions of the mortgage and regulatory agreements, the Cooperative maintains various restricted deposits to be used for replacement of property and payment of insurance and real estate taxes. These accounts are subject to the control of the Secretary of Housing and Urban Development. Funds held in the restricted deposit and funded reserve accounts are invested in depository accounts insured by the Federal Deposit Insurance Corporation and/or United States Government obligations. The cooperative must also maintain a general operating reserve under its regulatory agreement with HUD. The reserve is established by allocation and payment thereto monthly of a sum equivalent to not less than 3 percent of the monthly amount otherwise chargeable to the members pursuant to their occupancy agreements. Upon accrual of an amount equal to 15 percent of the current annual amount otherwise chargeable to members pursuant to their occupancy agreements, the rate may be reduced from 3 percent to 2 percent. Such monthly deposits may be discontinued when the amount in the general operating reserve reaches 25 percent of the current annual amount otherwise chargeable to members pursuant to their occupancy agreement. If the level falls below 25 percent, monthly deposits at the 3 percent rate shall again commence until the 25 percent level is attained. 11

17 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO NOTES TO FINANCIAL STATEMENTS 3. Notes Payable (Continued) Mortgage Covenants In connection with the Mortgage Agreement, the Cooperative has agreed to certain covenants including compliance with the HUD Regulatory Agreement. In addition to requiring the establishment of the funded reserves, this agreement requires prompt debt payment, restrictions on transferring any of the cooperative s property, controls distributions of cash and generally regulates the operations of the project according to HUD guidelines. The agreements also include certain penalty provisions related to prepayment of the mortgage. 4. Management Agreement The Cooperative has entered into a management agreement with Paramark Corp. Under the agreement, the Cooperative is to be compensated in an amount equal to $25 per member unit per month. The agreement also calls for the cooperative to reimburse the manager for any of the manager s employees on-site work including the cost of benefits as mutually agreed. Payments under this agreement totaled $11,400 and $11,610 for the years ended December 31, 2016 and 2015, respectively. 5. Functional Expense Allocation The costs of providing various programs and other activities for the years ended December 31, 2016 and 2015 are summarized on a functional basis as follows: Program Services HUD-assisted cooperative project $ 490,027 $ 494,844 Support Services General and administrative 25,912 25,423 $ 515,939 $ 520, Subsequent Events In preparing these financial statements, the Cooperative has evaluated events and transactions for potential recognition of disclosure through March 29, 2017, the date the financial statements were available to be issued. 12

18 (This Page Left Blank Intentionally)

19 SUPPORTING DATA

20 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO SCHEDULES OF RESERVES For the Years Ended December 31, 2016 and 2015 Replacement Reserve General Operating Reserve Balance, December 31, 2014 $ 50,017 $ 33,674 Monthly deposits 23,081 14,645 Interest Balance, December 31, ,110 48,389 Monthly deposits 23,081 14,645 Interest Withdrawals (12,368) Balance, December 31, 2016 $ 84,042 $ 63,088

21 (This Page Intentionally Left Blank)

22 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO SCHEDULES OF CHANGES IN FIXED ASSET ACCOUNTS For the Years Ended December 31, 2016 and 2015 PROPERTY Balance Balance December 31, December 31, 2015 Additions Deductions 2016 Land and Improvements $ 500,000 $ $ $ 500,000 Buildings 6,966,617 6,966,617 Furnishings and Equipment 69,907 8,605 78,512 Total $ 7,536,524 $ 8,605 $ $ 7,545,129 Balance Balance December 31, December 31, 2014 Additions Deductions 2015 Land and Improvements $ 500,000 $ $ $ 500,000 Buildings 6,958,702 7,915 6,966,617 Furnishings and Equipment 69,907 69,907 Total $ 7,528,609 $ 7,915 $ $ 7,536,524 14

23 ACCUMULATED DEPRECIATION Balance Balance Book Value December 31, December 31, December 31, 2015 Additions Deductions $ $ $ $ $ 500, , , ,377 6,226,240 15,147 4,803 19,950 58,562 $ 580,936 $ 179,391 $ $ 760,327 $ 6,784,802 Balance Balance Book Value December 31, December 31, December 31, 2014 Additions Deductions $ $ $ $ $ 500, , , ,789 6,400,828 10,486 4,661 15,147 54,760 $ 401,913 $ 179,023 $ $ 580,936 $ 6,955,

24 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO STATEMENTS OF PROFIT AND LOSS For the Years Ended December 31, 2016 and Member Carrying Charges Revenue 5120 Member carrying charges - gross potential $ 497,184 $ 497, Garage and parking spaces Total Maintenance Revenue 497, ,544 Financial Revenue 5410 Financial revenue - project operations 1, Revenue from investments - replacement reserve Revenue from investments - miscellaneous Total Financial Revenue 1, Other Revenue 5990 Miscellaneous 5,586 8,456 TOTAL REVENUES $ 505,052 $ 506,135 Administrative Expenses 6210 Advertising $ 432 $ Office expenses 10,305 10, Management fee 11,400 11, Manager salaries 24,187 22, Audit expense 5,500 5, Miscellaneous 3,975 3,850 Total Administrative Expenses 55,799 53,751 Utilities Expenses 6450 Electricity 10,302 9, Water 9,399 10, Gas 5,148 8,477 Total Utilities Expenses $ 24,849 $ 28,532 16

25 Operating and Maintenance Expenses 6510 Payroll $ 6,732 $ 14, Supplies 13,239 7, Contracts 19,499 19, Garbage and trash removal Heating/cooling repairs and maintenance 2,075 1, Snow removal 1,825 1, Miscellaneous 5,981 6,295 Total Operating and Maintenance Expenses 50,231 51,655 Taxes and Insurance 6710 Real estate taxes 58,470 58, Payroll taxes 2,902 3, Property and liability insurance (hazard) 11,209 10, Workmen's compensation Total Taxes and Insurance 73,337 73,703 Financial Expenses 6820 Interest on mortgage payable 108, , Mortgage insurance premium/service charge 22,350 21,807 Total Financial Expenses 130, ,913 Total Expenses Before Depreciation and Amortization 334, ,554 Income Before Depreciation and Amortization 170, , Depreciation 179, , Amortization 1,690 1,690 Total Depreciation and Amortization 181, ,713 NET LOSS $ (10,887) $ (14,132) Total mortgage principal payments required during the year. $ 73,703 $ 71,893 Total of 12 monthly deposits during the year into the replacement reserve account, as required by the regulatory agreement. Replacement reserves or residual receipts releases which are included as expense items on this profit and loss statement. $ 23,081 $ 23,081 $ 3,763 $ 17

26 (This Page Left Blank Intentionally)

27 COMPLIANCE REPORT

28 (This Page Left Blank Intentionally)

29 Independent Auditor s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance With Government Auditing Standards To the Members Willow Brook Cooperative of Winona Winona, Minnesota We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Willow Brook Cooperative of Winona, HUD Project No , which comprise the statement of financial position as of and for the year ended December 31, 2016, and the related statements of activities, changes in members equity, and cash flows for the year then ended, and the related notes to financial statements, and have issued our report thereon dated March 29, Internal Control Over Financial Reporting In planning and performing our audit of the financial statements, we considered Willow Brook Cooperative of Winona's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinion on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Willow Brook Cooperative of Winona's internal control. Accordingly, we do not express an opinion on the effectiveness of Willow Brook Cooperative of Winona's internal control. A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance. Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

30 To the Members Willow Brook Cooperative of Winona Page Two Compliance and Other Matters As part of obtaining reasonable assurance about whether Willow Brook Cooperative of Winona's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards. Purpose of this Report The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity s internal control and compliance. Accordingly, this communication is not suitable for any other purpose. Rochester, Minnesota March 29, 2017

31 Independent Auditor s Report on Compliance for Each Major Program and on Internal Control over Compliance Required by the Uniform Guidance To the Members Willow Brook Cooperative of Winona Winona, Minnesota Report on Compliance for Each Major Federal Program We have audited Willow Brook Cooperative of Winona, HUD Project No s compliance with the types of compliance requirements described in the OMB Compliance Supplement that could have a direct and material effect on Willow Brook Cooperative of Winona s major federal program for the year ended December 31, Willow Brook Cooperative of Winona s major federal programs are identified in the summary of auditor s results section of the accompanying schedule of findings and questioned costs. Management s Responsibility Management is responsible for compliance with federal statutes, regulations, and the terms and conditions of its federal awards applicable to its federal programs. Auditor s Responsibility Our responsibility is to express an opinion on compliance for each of Willow Brook Cooperative of Winona, HUD Project No s major federal programs based on our audit of the types of compliance requirements referred to above. We conducted our audit of compliance in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and the audit requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Those standards and the Uniform Guidance require that we plan and perform the audit to obtain reasonable assurance about whether noncompliance with the compliance requirements referred to above that could have a direct and material effect on a major federal program occurred. An audit includes examining, on a test basis, evidence about Willow Brook Cooperative of Winona, HUD Project No s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our audit provides a reasonable basis for our opinion on compliance for each major federal program. However, our audit does not provide a legal determination of Willow Brook Cooperative of Winona, HUD Project No s compliance. Opinion on Each Major Federal Program In our opinion, Willow Brook Cooperative of Winona, HUD Project No complied, in all material respects, with the compliance requirements referred to above that could have a direct and material effect on its major federal program for the year ended December 31, Report on Internal Control Over Compliance Management of Willow Brook Cooperative of Winona, HUD Project No is responsible for establishing and maintaining effective internal control over compliance with the compliance requirements referred to above. In planning and performing our audit of compliance, we considered Willow Brook Cooperative of Winona s internal

32 To the Members Willow Brook Cooperative of Winona Page Two Report on Internal Control Over Compliance (Continued) control over compliance with the requirements that could have a direct and material effect on the major federal program to determine the auditing procedures that are appropriate in the circumstances for the purpose of expressing an opinion on compliance for the major federal program and to test and report on internal control over compliance in accordance with the Uniform Guidance, but not for the purpose of expressing an opinion on the effectiveness of internal control over compliance. Accordingly, we do not express an opinion on the effectiveness of Willow Brook Cooperative of Winona, HUD Project No s internal control over compliance. A deficiency in internal control over compliance exists when the design or operation of a control over compliance does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, noncompliance with a type of compliance requirement of a federal program on a timely basis. A material weakness in internal control over compliance is a deficiency, or combination of deficiencies, in internal control over compliance, such that there is a reasonable possibility that material noncompliance with a type of compliance requirement of a federal program will not be prevented, or detected and corrected, on a timely basis. A significant deficiency in internal control over compliance is a deficiency, or a combination of deficiencies, in internal control over compliance with a type of compliance requirement of a federal program that is less severe than a material weakness in internal control over compliance, yet important enough to merit attention by those charged with governance. Our consideration of internal control over compliance was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over compliance that might be material weaknesses or significant deficiencies. We did not identify any deficiencies in internal control over compliance that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Report on Schedule of Expenditures of Federal Awards Required by the Uniform Guidance We have audited the financial statements of Willow Brook Cooperative of Winona, HUD Project No , as of and for the year ended December 31, 2016, and issued our report thereon dated March 29, 2017, which contained an unmodified opinion on those financial statements. Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The accompanying schedule of expenditures of federal awards is presented for purposes of additional analysis as required by the Uniform Guidance and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the schedule of expenditures of federal awards is fairly stated in all material respects in relation to the financial statements as a whole. The purpose of this report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the Uniform Guidance. Accordingly, this report is not suitable for any other purpose. Rochester, Minnesota March 29, 2017

33 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS For the Year Ended December 31, 2016 Pass-Through Federal Entity Federal Grantor/Pass-Through CFDA Identification Grantor/Program Title Number Number Federal Expenditures U.S. Department of Housing and Urban Development Mortgage Insurance_Cooperative Projects N/A $ 4,315,138 * * Represents loan balance outstanding at December 31, 2015 Note to Schedule of Expenditures of Federal Awards The accompanying Schedule of Federal Awards includes the Federal grant activity of Willow Brook Cooperative of Winona and is presented on the accrual basis of accounting. 22

34 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO SCHEDULE OF FINDINGS AND QUESTIONED COSTS For the Year Ended December 31, 2016 Summary of Independent Auditor s Results 1. The Auditor s report expresses an unmodified opinion on the financial statements of Willow Brook Cooperative of Winona. 2. No significant deficiencies were disclosed during the audit of the financial statements. 3. No instances of noncompliance material to the financial statements of the Willow Brook Cooperative of Winona, which would be required to be reported in accordance with Government Auditing Standards, were disclosed during the audit. 4. No significant deficiencies were disclosed during the audit of internal control over major federal award programs. 5. The auditor s report on compliance for the major federal award program for the Willow Brook Cooperative of Winona expresses an unmodified opinion on its major federal program. 6. No audit findings relative to its major federal award program for the Willow Brook Cooperative of Winona are reported in this schedule. 7. The program tested as a major program was: Name of Program CFDA Mortgage Insurance Cooperative Projects The threshold for distinguishing Type A and B programs was $750, The Willow Brook Cooperative of Winona does qualify as a low-risk auditee. Findings Financial Statement Audit No findings were noted during the financial statement audit for the year ended December 31, Findings and Questioned Costs Major Federal Award Programs Audit No findings were noted during the federal program audit for the year ended December 31,

35 WILLOW BROOK COOPERATIVE OF WINONA HUD PROJECT NO INDEPENDENT AUDITOR S COMMENTS ON PRIOR AUDIT FINDINGS Year Ended December 31, 2016 There are no prior year audit findings. 24

36

Shoals Presbyterian Apartments, Inc. HUD Project Number Financial Statements and Additional Information. June 30, 2016

Shoals Presbyterian Apartments, Inc. HUD Project Number Financial Statements and Additional Information. June 30, 2016 Shoals Presbyterian Apartments, Inc Financial Statements and Additional Information Shoals Presbyterian Apartments, Inc TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 1 STATEMENT OF FINANCIAL POSITION

More information

YEAR ENDED JUNE 30, 2017

YEAR ENDED JUNE 30, 2017 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2017 TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-3 FINANCIAL STATEMENTS Statement of financial position 4 Statement of activities

More information

FINDLEY PLACE APARTMENTS (AN ILLINOIS NONPROFIT CORPORATION) SUPPORTIVE HOUSING FACILITY HUD PROJECT NO. 072-EE187

FINDLEY PLACE APARTMENTS (AN ILLINOIS NONPROFIT CORPORATION) SUPPORTIVE HOUSING FACILITY HUD PROJECT NO. 072-EE187 FINDLEY PLACE APARTMENTS (AN ILLINOIS NONPROFIT CORPORATION) SUPPORTIVE HOUSING FACILITY HUD PROJECT NO. 072-EE187 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION For the Year Ended June 30, 2016 Program:

More information

EPISCOPAL HOUSING OF BIRMINGHAM, INC. HUD Project No. 062-EE012. Financial Statements and Supplemental Information

EPISCOPAL HOUSING OF BIRMINGHAM, INC. HUD Project No. 062-EE012. Financial Statements and Supplemental Information EPISCOPAL HOUSING OF BIRMINGHAM, INC. HUD Project No. 062-EE012 Financial Statements and Supplemental Information For the Year Ended September 30, 2017 EPISCOPAL HOUSING OF BIRMINGHAM, INC. HUD Project

More information

Financial Statements December 31, 2017 and 2016 Inver Grove Heights Good Samaritan Housing, Inc. D/B/A Prairie View Heights HUD Project No.

Financial Statements December 31, 2017 and 2016 Inver Grove Heights Good Samaritan Housing, Inc. D/B/A Prairie View Heights HUD Project No. Financial Statements December 31, 2017 and 2016 Inver Grove Heights Good Samaritan Housing, Inc. D/B/A HUD Project No. 092-EE105 Inver Grove Heights, Minnesota Table of Contents December 31, 2017 and 2016

More information

EBENEZER LAKES SENIOR HOUSING DBA: MEADOW VIEW APARTMENTS HUD PROJECT NO. 092-EE115 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

EBENEZER LAKES SENIOR HOUSING DBA: MEADOW VIEW APARTMENTS HUD PROJECT NO. 092-EE115 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION HUD PROJECT NO. 092-EE115 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION HUD PROJECT NO. 092-EE115 TABLE OF CONTENTS AUDITOR DISCLOSURE INFORMATION 1 INDEPENDENT AUDITORS REPORT 2 FINANCIAL STATEMENTS

More information

PRESBYTERIAN APARTMENTS, INC. PROJECT NO. 034SH006 FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31,

PRESBYTERIAN APARTMENTS, INC. PROJECT NO. 034SH006 FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, FINANCIAL STATEMENTS WITH SUPPLEMENTARY INFORMATION AND INDEPENDENT AUDITOR S REPORT DECEMBER 31, 2016 AND 2015 TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial

More information

MOBILE ACCESSIBLE HOUSING, INC. HUD PROJECT NO. 062-HD026 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2017

MOBILE ACCESSIBLE HOUSING, INC. HUD PROJECT NO. 062-HD026 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2017 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2017 TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-3 FINANCIAL STATEMENTS Statement of financial position 4 Statement of activities

More information

ATMORE SENIOR HOUSING, INC. HUD PROJECT NO FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2016

ATMORE SENIOR HOUSING, INC. HUD PROJECT NO FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2016 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Page INDEPENDENT AUDITOR S REPORT 1-3 FINANCIAL STATEMENTS Statement of financial position 4 Statement of activities

More information

Agape Himbola Manor, Inc. HUD Project No. LA48M Financial Statements and Supplementary Information For the Year Ended December 31, 2017

Agape Himbola Manor, Inc. HUD Project No. LA48M Financial Statements and Supplementary Information For the Year Ended December 31, 2017 Financial Statements and Supplementary Information For the Year Ended December 31, 2017 December 31, 2017 Table of Contents Independent Auditor s Report... 1-2 Financial Statements Statement of Financial

More information

YEAR ENDED JUNE 30, 2016

YEAR ENDED JUNE 30, 2016 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-3 FINANCIAL STATEMENTS Statement of financial position 4 Statement of activities

More information

CSP VILLAGE APARMENTS HUD Project No. 062-EH197 Tuscaloosa, Alabama FINANCIAL STATEMENTS AND SUPPLEMENT INFORMATION December 31, 2017

CSP VILLAGE APARMENTS HUD Project No. 062-EH197 Tuscaloosa, Alabama FINANCIAL STATEMENTS AND SUPPLEMENT INFORMATION December 31, 2017 CSP VILLAGE APARMENTS HUD Project No. 062-EH197 Tuscaloosa, Alabama FINANCIAL STATEMENTS AND SUPPLEMENT INFORMATION December 31, 2017 CSP VILLAGE APARTMENTS HUD Project No. 062-EH197 Tuscaloosa, Alabama

More information

LYNN CREST SENIOR HOUSING ASSOCIATION / LYNN CREST SENIOR APARTMENTS HUD PROJECT NO. 127 EE006. Financial Statements and Single Audit Reports

LYNN CREST SENIOR HOUSING ASSOCIATION / LYNN CREST SENIOR APARTMENTS HUD PROJECT NO. 127 EE006. Financial Statements and Single Audit Reports LYNN CREST SENIOR HOUSING ASSOCIATION / LYNN CREST SENIOR APARTMENTS HUD PROJECT NO. 127 EE006 Financial Statements and Single Audit Reports Table of Contents Independent Auditor s Report 1 2 Financial

More information

YEAR ENDED JUNE 30, 2016

YEAR ENDED JUNE 30, 2016 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED JUNE 30, 2016 TABLE OF CONTENTS Page INDEPENDENT AUDITOR'S REPORT 1-3 FINANCIAL STATEMENTS Statement of financial position 4 Statement of activities

More information

AUGUSTANA HOMES EAST BRIDGEPORT, INC. D/B/A BISHOP CURTIS HOMES - EAST BRIDGEPORT HUD PROJECT NO. 017-EE-033

AUGUSTANA HOMES EAST BRIDGEPORT, INC. D/B/A BISHOP CURTIS HOMES - EAST BRIDGEPORT HUD PROJECT NO. 017-EE-033 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2016 AND 2015 TABLE OF CONTENTS Independent Auditors Report 1-2 Statements of Financial Position - December 31, 2016 and 2015 3 Statements

More information

NARTHEX, INC. (A Non-Profit Corporation) DBA ST. PAUL TERRACE HUD PROJECT NO AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015

NARTHEX, INC. (A Non-Profit Corporation) DBA ST. PAUL TERRACE HUD PROJECT NO AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 NARTHEX, INC. AUDITED FINANCIAL STATEMENTS DECEMBER 31, 2016 AND 2015 NARTHEX, INC. FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015 CONTENTS Page Independent Auditor's Report9999999999999999...9999999999

More information

GRACE TOWER F.H.A. PROJECT NO A PROJECT OF GRACE TOWER, INC. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2016 L &

GRACE TOWER F.H.A. PROJECT NO A PROJECT OF GRACE TOWER, INC. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2016 L & FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2016 L & C Leaf & Cole, LLP Certified Public Accountants L & C Leaf & Cole, LLP Certified Public Accountants A Partnership of Professional

More information

SCRIBER POINTE SENIOR HOUSING ASSOCIATION / SCRIBER POINTE SENIOR APARTMENTS HUD PROJECT NO. 127 EE022. Financial Statements and Single Audit Reports

SCRIBER POINTE SENIOR HOUSING ASSOCIATION / SCRIBER POINTE SENIOR APARTMENTS HUD PROJECT NO. 127 EE022. Financial Statements and Single Audit Reports SCRIBER POINTE SENIOR HOUSING ASSOCIATION / SCRIBER POINTE SENIOR APARTMENTS HUD PROJECT NO. 127 EE022 Financial Statements and Single Audit Reports Table of Contents Independent Auditor s Report 1 2 Financial

More information

HOME SHARE HUD PROJECT NO. 092-HD017

HOME SHARE HUD PROJECT NO. 092-HD017 FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT WITH SUPPLEMENTARY INFORMATION AND REPORTS REQUIRED BY OMB UNIFORM GUIDANCE DECEMBER 31, 2016 AND 2015 TABLE OF CONTENTS PAGE INDEPENDENT AUDITOR S

More information

ARIRANG HOUSING, INC. FHA PROJECT NO.: 122-EH518-WAH-NP FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND N. WHITLEY AVENUE LOS ANGELES, CA 90028

ARIRANG HOUSING, INC. FHA PROJECT NO.: 122-EH518-WAH-NP FINANCIAL STATEMENTS AS OF JUNE 30, 2017 AND N. WHITLEY AVENUE LOS ANGELES, CA 90028 FINANCIAL STATEMENTS 1725 N. WHITLEY AVENUE LOS ANGELES, CA 90028 ROBERT M. NAMBA ACCOUNTANCY CORPORATION CERTIFIED PUBLIC ACCOUNTANTS 6363 WILSHIRE BOULEVARD, SUITE 125 LOS ANGELES, CALIFORNIA 90048 TELEPHONE:

More information

Financial Statements December 31, 2017 and 2016 Wisconsin Good Samaritan Housing, Inc. D/B/A Sunset Fields HUD Project No. 075-EE058 Fennimore,

Financial Statements December 31, 2017 and 2016 Wisconsin Good Samaritan Housing, Inc. D/B/A Sunset Fields HUD Project No. 075-EE058 Fennimore, Financial Statements December 31, 2017 and 2016 Wisconsin Good Samaritan Housing, Inc. D/B/A HUD Project No. 075-EE058 Fennimore, Wisconsin Table of Contents December 31, 2017 and 2016 Independent Auditor

More information

Financial Statements December 31, 2017 LSS of Marycrest, LLC Project No

Financial Statements December 31, 2017 LSS of Marycrest, LLC Project No Financial Statements December 31, 2017 eidebailly.com Table of Contents December 31, 2017 Independent Auditor s Report... 1 Financial Statements Statement of Financial Position... 3 Statement of Activities...

More information

LA Gardens Community Association HUD Project No NP

LA Gardens Community Association HUD Project No NP Audited Financial Statements December 31, 2016 and 2015 With Supplemental Information and Single Audit Information Certified Public Accountants Table of Contents Independent Auditor s Report...1 Identification

More information

PROJECT NO. P0124 FINANCIAL STATEMENTS, INDEPENDENT AUDITORS REPORT AND SUPPLEMENTARY DATA FOR THE YEAR ENDED MARCH 31, 2017

PROJECT NO. P0124 FINANCIAL STATEMENTS, INDEPENDENT AUDITORS REPORT AND SUPPLEMENTARY DATA FOR THE YEAR ENDED MARCH 31, 2017 WESTBROOK TOWERS AFFORDABLE HOUSING CORPORATION PROJECT NO. P0124 FINANCIAL STATEMENTS, INDEPENDENT AUDITORS REPORT AND SUPPLEMENTARY DATA FOR THE YEAR ENDED MARCH 31, 2017 WESTBROOKS TOWERS AFFORDABLE

More information

Presbyterian Village Holly d/b/a The Village of Holly Woodlands. (a not-for-profit corporation) HUD Project No

Presbyterian Village Holly d/b/a The Village of Holly Woodlands. (a not-for-profit corporation) HUD Project No Presbyterian Village Holly d/b/a The Village of Holly Woodlands (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2018 Certificate of Officers We certify that we have

More information

NEWBURGH SENIORS' HOUSING CORPORATION HUD PROJECT NO FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED JUNE 30, 2018 AND 2017

NEWBURGH SENIORS' HOUSING CORPORATION HUD PROJECT NO FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED JUNE 30, 2018 AND 2017 HUD PROJECT NO. 024-11056 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEARS ENDED JUNE 30, 2018 AND 2017 FINANCIAL STATEMENTS JUNE 30, 2018 AND 2017 C O N T E N T S PAGE INDEPENDENT AUDITOR'S REPORT

More information

REBA BROWN SENIOR RESIDENCE, INC. HUD PROJECT NO. 034-EE141

REBA BROWN SENIOR RESIDENCE, INC. HUD PROJECT NO. 034-EE141 REBA BROWN SENIOR RESIDENCE, INC. FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION DECEMBER 31, 2016 AND 2015 DECEMBER 31, 2016 AND 2015 CONTENTS Independent Auditors Report... 1-2 Financial Statements:

More information

EDWARD ROMERO TERRACE PROJECT NO. 116-EE041 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015

EDWARD ROMERO TERRACE PROJECT NO. 116-EE041 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION FOR THE YEARS ENDED SEPTEMBER 30, 2016 AND 2015 CONTENTS

More information

SARASOTA AREA HOUSING, INC. HUD PROJECT NO. 067-EH273 REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2014

SARASOTA AREA HOUSING, INC. HUD PROJECT NO. 067-EH273 REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2014 HUD PROJECT NO. 067-EH273 REPORT ON FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2014 HUD PROJECT NO. 067-EH273 TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT 2-3 PAGE FINANCIAL STATEMENTS Statement

More information

Cooper Square Housing Development Fund Company, Inc. HUD Project No. 012-EH-243

Cooper Square Housing Development Fund Company, Inc. HUD Project No. 012-EH-243 Cooper Square Housing Development Fund Company, Inc. Financial Statements and Supplementary Information June 30, 2018 and 2017 Table of Contents June 30, 2018 and 2017 Independent Auditors' Report 1 Financial

More information

P.B.H. Housing of Plainfield, Inc., HUD Project No. 017-EE046 Financial Statements and Supplementary Information December 31, 2016 and 2015

P.B.H. Housing of Plainfield, Inc., HUD Project No. 017-EE046 Financial Statements and Supplementary Information December 31, 2016 and 2015 Financial Statements and Supplementary Information December 31, 2016 and 2015 ------------------------- --------------------- Table of Contents ------------------ Page(s) Independent Auditor s Report 1

More information

President Harry S. Truman Manor, Inc. HUD Project Number: 136-EE027

President Harry S. Truman Manor, Inc. HUD Project Number: 136-EE027 Audited Financial Statements With HUD Required Supplemental Information and Single Audit Section President Harry S. Truman Manor, Inc. HUD Project Number: 136-EE027 December 31, 2017 and 2016 Nicholson

More information

Cooper Square Housing Development Fund Company, Inc. HUD Project No. 012-EH-243

Cooper Square Housing Development Fund Company, Inc. HUD Project No. 012-EH-243 Cooper Square Housing Development Fund Company, Inc. Financial Statements and Supplementary Information June 30, 2017 and 2016 Table of Contents June 30, 2017 and 2016 Independent Auditors Report 1 Financial

More information

BAYVIEW SENIOR HOUSING HUD PROJECT NO. 114-EE133-CA La Porte, Texas FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2017

BAYVIEW SENIOR HOUSING HUD PROJECT NO. 114-EE133-CA La Porte, Texas FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2017 La Porte, Texas FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION YEAR ENDED DECEMBER 31, 2017 TABLE OF CONTENTS YEAR ENDED DECEMBER 31, 2017 AUDITOR DISCLOSURE INFORMATION 1 INDEPENDENT AUDITORS' REPORT

More information

BAY AGING APARTMENTS WESTMORELAND, INC.

BAY AGING APARTMENTS WESTMORELAND, INC. HUD PROJECT NO. 051-EE102 FINANCIAL REPORT YEAR ENDED MARCH 31, 2015 ROBINSON, FARMER, COX ASSOCIATES A PROFESSIONAL LIMITED LIABILITY COMPANY CERTIFIED PUBLIC ACCOUNTANTS CHARLOTTESVILLE RICHMOND LOUISA

More information

CATHOLIC HOUSING OF MOBILE, INC. (A Non-profit Corporation) d/b/a CATHEDRAL PLACE APARTMENTS HUD PROJECT NO NP

CATHOLIC HOUSING OF MOBILE, INC. (A Non-profit Corporation) d/b/a CATHEDRAL PLACE APARTMENTS HUD PROJECT NO NP FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION REQUIRED BY HUD FOR THE YEARS ENDED JUNE 30, 2016 AND 2015 To the Department of Housing And Urban Development In accordance with the Consolidated Audit

More information

SOUTH CENTRAL REGIONAL MEDICAL CENTER Laurel, Mississippi

SOUTH CENTRAL REGIONAL MEDICAL CENTER Laurel, Mississippi SOUTH CENTRAL REGIONAL MEDICAL CENTER Laurel, Mississippi Report on Compliance in Accordance with the Uniform Guidance For the Year Ended September 30, 2017 CONTENTS Report on Compliance for Each Major

More information

University Associates Limited Partnership HUD Project No.:

University Associates Limited Partnership HUD Project No.: Financial Statements (With Supplementary Information) and Independent Auditor s Report December 31, 2012 Index Page Mortgagor s Certification 4 Managing Agent s Certification 5 Independent Auditor s Report

More information

OUR LADY OF GUADALUPE HUD PROJECT NO. 122-EH FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION June 30,2016 and 2015

OUR LADY OF GUADALUPE HUD PROJECT NO. 122-EH FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION June 30,2016 and 2015 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION June 30,2016 and 2015 TABLE OF CONTENTS INDEPENDENT AUDITORS' REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial Position Statements of Activities

More information

Incorporated Village of Greenport, New York

Incorporated Village of Greenport, New York Incorporated Village of Greenport, New York Single Audit Reports Year Ended May 31, 2017 Incorporated Village of Greenport, New York Single Audit Reports Year Ended May 31, 2017 C O N T E N T S Page Schedule

More information

BROOK VIEW GARDENS, INC. PROJECT NO. 042-HD087

BROOK VIEW GARDENS, INC. PROJECT NO. 042-HD087 FINANCIAL STATEMENTS JUNE 30, 2016 AND 2015 WITH AUDITOR S REPORTS, SUPPLEMENTARY INFORMATION, HUD SUPPLEMENTARY INFORMATION, AND MORTGAGOR S AND MANAGEMENT AGENT S CERTIFICATIONS CONTENTS PAGE INDEPENDENT

More information

PVM Kalamazoo Senior Non-Profit Housing Corporation d/b/a The Village of Sage Grove (a not-for-profit corporation) HUD Project No.

PVM Kalamazoo Senior Non-Profit Housing Corporation d/b/a The Village of Sage Grove (a not-for-profit corporation) HUD Project No. (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2016 Certificate of Officers We certify that we have examined the attached financial statements and supplemental information

More information

San Jacinto River Authority

San Jacinto River Authority FEDERAL SINGLE AUDIT REPORT Year Ended August 31, 2018 FEDERAL SINGLE AUDIT REPORT Year Ended August 31, 2018 TABLE OF CONTENTS Page(s) INDEPENDENT AUDITORS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

More information

Southwest Florida GWI Housing XIV, Inc. (A Nonprofit Corporation) (Palmetto Ranch II) HUD Project No. 066-HD058 Labelle, Florida

Southwest Florida GWI Housing XIV, Inc. (A Nonprofit Corporation) (Palmetto Ranch II) HUD Project No. 066-HD058 Labelle, Florida Labelle, Florida Financial Statements and Supplemental Information December 31, 2016 and 2015 To the Department of Housing and Urban Development MADDOX & AssoCIATES1 APC CERTIFIED PUBLIC ACCOUNTANTS Attached

More information

Israel Senior Citizens Housing Development Fund Corp. HUD Project Nos. 012-SH015 and 012-SH018

Israel Senior Citizens Housing Development Fund Corp. HUD Project Nos. 012-SH015 and 012-SH018 Israel Senior Citizens Housing Development Fund Corp. Financial Statements and Supplementary Information June 30, 2018 and 2017 Table of Contents June 30, 2018 and 2017 Independent Auditors' Report 1 Financial

More information

Brighton Beach Housing Development Fund Company, Inc. HUD Project No

Brighton Beach Housing Development Fund Company, Inc. HUD Project No Brighton Beach Housing Development Fund Company, Inc. Financial Statements and Supplementary Information June 30, 2018 and 2017 Table of Contents June 30, 2018 and 2017 Independent Auditors' Report 1 Financial

More information

GREATER POMONA HOUSING DEVELOPMENT CORPORATION dba ACCESS VILLAGE HUD PROJECT NO. 122-EH175-WAH-LS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

GREATER POMONA HOUSING DEVELOPMENT CORPORATION dba ACCESS VILLAGE HUD PROJECT NO. 122-EH175-WAH-LS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION GREATER POMONA HOUSING DEVELOPMENT CORPORATION HUD PROJECT NO. 122-EH175-WAH-LS FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION June 30, 2017 and 2016 TABLE OF CONTENTS INDEPENDENT AUDITORS' REPORT

More information

Northern SDHC FHA LLC HUD Project No.: Financial Statements (With Supplementary Information) and Independent Auditor's Report

Northern SDHC FHA LLC HUD Project No.: Financial Statements (With Supplementary Information) and Independent Auditor's Report Financial Statements (With Supplementary Information) and Independent Auditor's Report June 30, 2017 Index Page Mortgagor's Certification 2 Managing Agent's Certification 3 Independent Auditor's Report

More information

GARDEN OF HOPE, INC. AUDITED FINANCIAL STATEMENTS SEPTEMBER 30, 2017

GARDEN OF HOPE, INC. AUDITED FINANCIAL STATEMENTS SEPTEMBER 30, 2017 AUDITED FINANCIAL STATEMENTS SEPTEMBER 30, 2017 TABLE OF CONTENTS Page Independent Auditor's Report... 1 FINANCIAL Statement of Financial Position... 3 Statement of Activities... 5 Statement of Cash Flows...

More information

SOUTH BROWARD JEWISH FEDERATION HOUSING II, INC. D/B/A FEDERATION GARDENS

SOUTH BROWARD JEWISH FEDERATION HOUSING II, INC. D/B/A FEDERATION GARDENS PROJECT NO. FL-29-T861-064; 066-EH232-L8-WAH FINANCIAL STATEMENTS JULY 31, 2016 PROJECT NO. FL-29-T861-064; 066-EH232-L8-WAH Lead Auditor: Rick Covert, CPA Address: 301 E Las Olas Blvd., 4 th Floor Fort

More information

Greater New Haven Water Pollution Control Authority. Federal Compliance Report Fiscal Year Ended June 30, 2018

Greater New Haven Water Pollution Control Authority. Federal Compliance Report Fiscal Year Ended June 30, 2018 Greater New Haven Water Pollution Control Authority Federal Compliance Report Fiscal Year Ended June 30, 2018 Contents Report required by the Federal Single Audit Act and the Uniform Guidance Report on

More information

THE SALVATION ARMY TURLOCK RESIDENCES, INC. HUD Project No. 121-EE112-NP-WAH (A California Non-Profit Corporation)

THE SALVATION ARMY TURLOCK RESIDENCES, INC. HUD Project No. 121-EE112-NP-WAH (A California Non-Profit Corporation) THE SALVATION ARMY TURLOCK RESIDENCES, INC. HUD Project No. 121-EE112-NP-WAH (A California Non-Profit Corporation) Financial Statements as of and for the Year Ended, September 30, 2017, Supplemental Schedules

More information

FUNDACION DE HOGARES PARA TRABAJADORES FELIPA SERRANO DE AYALA PROJECT HUD PROJECT NO. 056-EH-065-WAH-L8

FUNDACION DE HOGARES PARA TRABAJADORES FELIPA SERRANO DE AYALA PROJECT HUD PROJECT NO. 056-EH-065-WAH-L8 FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years ended June 30, 2017 and 2016 -- TABLE OF CONTENTS -- Page Number Independent Auditors' Report 1 Financial Statements: Statements of Financial Position

More information

PVM Kalamazoo Senior Non-Profit Housing Corporation d/b/a The Village of Sage Grove (a not-for-profit corporation) HUD Project No.

PVM Kalamazoo Senior Non-Profit Housing Corporation d/b/a The Village of Sage Grove (a not-for-profit corporation) HUD Project No. (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2014 Certificate of Officers We certify that we have examined the attached financial statements and supplemental information

More information

Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH

Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH Report of Independent Auditors and Financial Statements with Supplementary Information Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) March 31, 2018 and 2017 Table of

More information

THREE RIVERS PARK DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND INDEPENDENT AUDITOR S REPORTS. For The Year Ended December 31, 2017

THREE RIVERS PARK DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND INDEPENDENT AUDITOR S REPORTS. For The Year Ended December 31, 2017 THREE RIVERS PARK DISTRICT SCHEDULE OF EXPENDITURES OF FEDERAL AWARDS AND INDEPENDENT AUDITOR S REPORTS For The Year Ended December 31, 2017 - This page intentionally left blank - THREE RIVERS PARK DISTRICT

More information

WOODSIDE VILLAGE, INC. PROJECT NO. 042-HD112

WOODSIDE VILLAGE, INC. PROJECT NO. 042-HD112 FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013 WITH AUDITOR S REPORTS, SUPPLEMENTARY INFORMATION, HUD SUPPLEMENTARY INFORMATION, AND MORTGAGOR S AND MANAGEMENT AGENT S CERTIFICATIONS CONTENTS PAGE INDEPENDENT

More information

Harmony Village Senior Non-Profit Housing Corporation d/b/a The Village of Harmony Manor (a not-for-profit corporation) HUD Project No.

Harmony Village Senior Non-Profit Housing Corporation d/b/a The Village of Harmony Manor (a not-for-profit corporation) HUD Project No. Harmony Village Senior Non-Profit Housing Corporation d/b/a The Village of Harmony Manor (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2014 Certificate of Officers

More information

A.R. BANCROFT COMMUNITY DEVELOPMENT CORPORATION HUD PROJECT NO.: 000-EH EH EH EH EH-055

A.R. BANCROFT COMMUNITY DEVELOPMENT CORPORATION HUD PROJECT NO.: 000-EH EH EH EH EH-055 A.R. BANCROFT COMMUNITY DEVELOPMENT CORPORATION HUD PROJECT NO.: 000-EH-020 000-EH-052 000-EH-053 000-EH-054 000-EH-055 FINANCIAL REPORT FOR HUD (IN ACCORDANCE WITH THE UNIFORM GUIDANCE) JUNE 30, 2016

More information

HAIGHT STREET SENIOR HOUSING, INC.

HAIGHT STREET SENIOR HOUSING, INC. HAIGHT STREET SENIOR HOUSING, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REPORT YEARS ENDED DECEMBER 31, 2016 AND 2015 With Supplementary Information Required by the U.S. Department of Housing

More information

Adda and Paul Safran Senior Housing (A project owned by Venice Senior Housing Corp.) HUD Project No. 122-EE127-WAH-NP

Adda and Paul Safran Senior Housing (A project owned by Venice Senior Housing Corp.) HUD Project No. 122-EE127-WAH-NP (A project owned by Venice Senior Housing Corp.) Financial Statements (With Supplementary Information) and Independent Auditor's Report September 30, 2016 Index Page Mortgagor's Certification 2 Managing

More information

Lytton IV Housing Corporation (a California Nonprofit Public Benefit Corporation) HUD Project No: 121-EE 012-NP-WAH

Lytton IV Housing Corporation (a California Nonprofit Public Benefit Corporation) HUD Project No: 121-EE 012-NP-WAH Report of Independent Auditors and Financial Statements with Supplementary Information Lytton IV Housing Corporation (a California Nonprofit Public Benefit Corporation) HUD Project No: 121-EE 012-NP-WAH

More information

ASTORIA GARDENS TENANT ASSOCIATION F.H.A. PROJECT NO PM-REF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION AUGUST 31, 2017 L &

ASTORIA GARDENS TENANT ASSOCIATION F.H.A. PROJECT NO PM-REF FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION AUGUST 31, 2017 L & FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION AUGUST 31, 2017 L & C Leaf & Cole, LLP Certified Public Accountants L & C Leaf & Cole, LLP Certified Public Accountants A Partnership of Professional

More information

THE SALVATION ARMY RESIDENCES, INC. dba SILVERCREST RESIDENCE - PHOENIX. HUD Project No. 122-EH098-WAH-L8 (A California Non-Profit Corporation)

THE SALVATION ARMY RESIDENCES, INC. dba SILVERCREST RESIDENCE - PHOENIX. HUD Project No. 122-EH098-WAH-L8 (A California Non-Profit Corporation) SILVERCREST RESIDENCE - PHOENIX HUD Project No. 122-EH098-WAH-L8 (A California Non-Profit Corporation) Financial Statements as of and for the Year Ended September 30, 2017, Supplemental Schedules for the

More information

Financial Statements (and supplemental information) Years Ended December 31, 2016 and 2015

Financial Statements (and supplemental information) Years Ended December 31, 2016 and 2015 (Alison House) HUD Project No. 047-HD029 Section 811 Direct Loan/Capital Advance Section 8 Assistance Program Financial Statements (and supplemental information) Years Ended December 31, 2016 and 2015

More information

ACCESSIBLE COUNTRY TRAIL, INC. PROJECT NO. 042-HD033

ACCESSIBLE COUNTRY TRAIL, INC. PROJECT NO. 042-HD033 FINANCIAL STATEMENTS JUNE 30, 2014 AND 2013 WITH AUDITOR S REPORTS, SUPPLEMENTARY INFORMATION, HUD SUPPLEMENTARY INFORMATION, AND MORTGAGOR S AND MANAGEMENT AGENT S CERTIFICATIONS CONTENTS PAGE INDEPENDENT

More information

Left Hand Water District. Federal Awards Report in Accordance with the Single Audit Act and OMB Circular A-133 December 31, 2014

Left Hand Water District. Federal Awards Report in Accordance with the Single Audit Act and OMB Circular A-133 December 31, 2014 Federal Awards Report in Accordance with the Single Audit Act and OMB Circular A-133 December 31, 2014 Contents Independent Auditor s Report on Internal Control Over Financial Reporting and on Compliance

More information

Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH

Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH Report of Independent Auditors and Financial Statements with Supplementary Information Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH

More information

Lake Creek Village LLC (A Colorado Limited Liability Company) HUD Project No. FHA Financial Statements and Supplementary Information

Lake Creek Village LLC (A Colorado Limited Liability Company) HUD Project No. FHA Financial Statements and Supplementary Information Financial Statements and Supplementary Information December 31, 2013 and 2012 December 31, 2013 and 2012 TABLE OF CONTENTS Page(s) Independent Auditor s Report 1 2 Financial Statements: Balance Sheets

More information

Adda and Paul Safran Senior Housing (A project owned by Venice Senior Housing Corp.) HUD Project No.: 122-EE127-WAH-NP

Adda and Paul Safran Senior Housing (A project owned by Venice Senior Housing Corp.) HUD Project No.: 122-EE127-WAH-NP (A project owned by Venice Senior Housing Corp.) Financial Statements (With Supplementary Information) and Independent Auditor's Report September 30, 2017 Index Page Mortgagor's Certification 2 Managing

More information

FUNDACION DE HOGARES PARA TRABAJADORES JARDINES CONDADO MODERNO PROJECT HUD PROJECT NO NP

FUNDACION DE HOGARES PARA TRABAJADORES JARDINES CONDADO MODERNO PROJECT HUD PROJECT NO NP FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION Years ended June 30, 2017 and 2016 -- TABLE OF CONTENTS -- Page Number Independent Auditors' Report 1 Financial Statements: Statements of Financial Position

More information

CITY OF HEALDSBURG Single Audit Report on Federal Award Programs

CITY OF HEALDSBURG Single Audit Report on Federal Award Programs Single Audit Report on Federal Award Programs June 30, 2016 SINGLE AUDIT REPORT ON FEDERAL AWARD PROGRAMS TABLE OF CONTENTS Page Independent Auditor s Report on Internal Control Over Financial Reporting

More information

DELA VINA HOUSING, INC. HUD PROJECT NO. 121 HD038 NP CMI

DELA VINA HOUSING, INC. HUD PROJECT NO. 121 HD038 NP CMI DELA VINA HOUSING, INC. HUD PROJECT NO. 121 HD038 NP CMI FINANCIAL STATEMENTS AND SUPPORTING DATA REQUIRED BY HUD FOR THE YEAR ENDED JUNE 30, 2017 AND INDEPENDENT AUDITORS REPORT DELA VINA HOUSING, INC.

More information

Brave New Software Project, Inc. Financial Statement and Reports for Audit in Accordance with Government Auditing Standards and the Uniform Guidance

Brave New Software Project, Inc. Financial Statement and Reports for Audit in Accordance with Government Auditing Standards and the Uniform Guidance Financial Statement and Reports for Audit in Accordance with Government Auditing Standards and the Uniform Guidance For the Year Ended December 31, 2016 1 Index Independent Auditor s Report Financial Statements:

More information

PHOENIX-MESA GATEWAY AIRPORT AUTHORITY SINGLE AUDIT ACT REPORTS FOR THE FISCAL YEAR ENDED JUNE 30, 2018

PHOENIX-MESA GATEWAY AIRPORT AUTHORITY SINGLE AUDIT ACT REPORTS FOR THE FISCAL YEAR ENDED JUNE 30, 2018 PHOENIX-MESA GATEWAY AIRPORT AUTHORITY SINGLE AUDIT ACT REPORTS FOR THE PHOENIX-MESA GATEWAY AIRPORT AUTHORITY TABLE OF CONTENTS INDEPENDENT AUDITORS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

More information

Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH

Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH Report of Independent Auditors and Financial Statements with Supplementary Information Jennings Senior Housing, Inc. (a California Nonprofit Public Benefit Corporation) HUD Project No. 121-EE 178-NP-WAH

More information

GREAT OAKS CHARTER SCHOOL-BRIDGEPORT FINANCIAL STATEMENTS AND AUDITOR S REPORTS JUNE 30, 2016 AND 2015

GREAT OAKS CHARTER SCHOOL-BRIDGEPORT FINANCIAL STATEMENTS AND AUDITOR S REPORTS JUNE 30, 2016 AND 2015 GREAT OAKS CHARTER SCHOOL-BRIDGEPORT FINANCIAL STATEMENTS AND AUDITOR S REPORTS JUNE 30, 2016 AND 2015 TABLE OF CONTENTS Independent Auditor s Report on Financial Statements and Supplementary Information

More information

COMMUNITIES IN SCHOOLS ON THE SOUTH PLAINS, INC. FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31, 2018 WITH COMPARATIVE TOTALS FOR 2017 AND

COMMUNITIES IN SCHOOLS ON THE SOUTH PLAINS, INC. FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31, 2018 WITH COMPARATIVE TOTALS FOR 2017 AND FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST 31, 2018 WITH COMPARATIVE TOTALS FOR 2017 AND REPORT OF BOLINGER, SEGARS, GILBERT & MOSS, L.L.P. LUBBOCK, TEXAS FINANCIAL STATEMENTS FOR THE YEAR ENDED AUGUST

More information

YW HOMES, INC. Financial Statements And Supplemental Data. For the Year Ended December 31, 2016

YW HOMES, INC. Financial Statements And Supplemental Data. For the Year Ended December 31, 2016 Financial Statements And Supplemental Data For the Year Ended December 31, 2016 Table of Contents For the Year Ended December 31, 2016 Nature of Operations Independent Auditor's Report 1 2-3 Financial

More information

Presbyterian Village of Holly Phase II d/b/a The Village of Holly Woodlands (a not-for-profit corporation) HUD Project No.

Presbyterian Village of Holly Phase II d/b/a The Village of Holly Woodlands (a not-for-profit corporation) HUD Project No. (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2013 Certificate of Officers We certify that we have examined the attached financial statements and supplemental information

More information

HIGHBRIDGE ADVISORY COUNCIL FAMILY SERVICES, INC. FINANCIAL STATEMENTS AND AUDITOR S REPORTS JUNE 30, 2016 AND 2015

HIGHBRIDGE ADVISORY COUNCIL FAMILY SERVICES, INC. FINANCIAL STATEMENTS AND AUDITOR S REPORTS JUNE 30, 2016 AND 2015 FINANCIAL STATEMENTS AND AUDITOR S REPORTS JUNE 30, 2016 AND 2015 TABLE OF CONTENTS Independent Auditor s Report on Financial Statements and Supplementary Information Exhibit A - Balance Sheet B - Statement

More information

THE HENRY AND RILLA WHITE YOUTH FOUNDATION, INC. FINANCIAL STATEMENTS JUNE 30, 2016 AND 2015

THE HENRY AND RILLA WHITE YOUTH FOUNDATION, INC. FINANCIAL STATEMENTS JUNE 30, 2016 AND 2015 THE HENRY AND RILLA WHITE YOUTH FOUNDATION, INC. FINANCIAL STATEMENTS JUNE 30, 2016 AND 2015 C O N T E N T S Page No. Independent Auditor s Report...1 Financial Statements: Statements of Financial Position...3

More information

PVM Kalamazoo Senior Non-Profit Housing Corporation d/b/a The Village of Sage Grove (a not-for-profit corporation) HUD Project No.

PVM Kalamazoo Senior Non-Profit Housing Corporation d/b/a The Village of Sage Grove (a not-for-profit corporation) HUD Project No. (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2012 Certificate of Officers We certify that we have examined the attached financial statements and supplemental information

More information

Triborough Preservation LLC HUD Contracts NY et al

Triborough Preservation LLC HUD Contracts NY et al HUD Contracts NY 360004045 et al Financial Statements (With Supplementary Information) And Independent Auditor s Report December 31, 2016 HUD Contracts NY 360004045 et al Index Mortgagor s Certification

More information

June 30, 2016 and 2015

June 30, 2016 and 2015 Financial Statements June 30, 2016 and 2015 4401 Dominion Boulevard Glen Allen, Virginia 23060 Tel: 804.747.0000 www.keitercpa.com Table of Contents Report of Independent Accountants 1 Financial Statements:

More information

Mill Creek Senior Housing Corporation d/b/a The Village of Mill Creek (a not-for-profit corporation) HUD Project No. 047-EE043

Mill Creek Senior Housing Corporation d/b/a The Village of Mill Creek (a not-for-profit corporation) HUD Project No. 047-EE043 (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2012 Certificate of Officers We certify that we have examined the attached financial statements and supplemental information

More information

Crater Regional Workforce Investment Board & Learn to Earn, Inc. Financial Statements

Crater Regional Workforce Investment Board & Learn to Earn, Inc. Financial Statements Crater Regional Workforce Investment Board & Learn to Earn, Inc. Financial Statements Year Ended June 30, 2015 Table of Contents Independent Auditors' Report... 1-2 Financial Statements: Statement of Financial

More information

El Paso Community Action Program Project BRAVO, Inc. Financial Statements Years Ended December 31, 2015 and 2014 And Independent Auditors Report

El Paso Community Action Program Project BRAVO, Inc. Financial Statements Years Ended December 31, 2015 and 2014 And Independent Auditors Report El Paso Community Action Program Project BRAVO, Inc. Financial Statements Years Ended December 31, 2015 and 2014 And Independent Auditors Report TABLE OF CONTENTS Independent Auditors Report... 3 Financial

More information

CALIFORNIA AFFORDABLE HOUSING INITIATIVES, INC. Independent Auditor s Reports, Financial Statements and Single Audit Information

CALIFORNIA AFFORDABLE HOUSING INITIATIVES, INC. Independent Auditor s Reports, Financial Statements and Single Audit Information CALIFORNIA AFFORDABLE HOUSING INITIATIVES, INC. Independent Auditor s Reports, Financial Statements and Single Audit Information Table of Contents Page FINANCIAL SECTION Independent Auditor s Report...

More information

ATKINSON YOUTH SERVICES, INC. (A California Nonprofit Corporation) Audited Financial Statements. For The Years Ended December 31, 2016 and 2015

ATKINSON YOUTH SERVICES, INC. (A California Nonprofit Corporation) Audited Financial Statements. For The Years Ended December 31, 2016 and 2015 ATKINSON YOUTH SERVICES, INC. (A California Nonprofit Corporation) Audited Financial Statements For The Years Ended December 31, 2016 and 2015 Atkinson Youth Services, Inc. (A California Nonprofit Corporation)

More information

MFI RECOVERY CENTER. Consolidated Financial Statements And Supplementary Information With Independent Auditors Report

MFI RECOVERY CENTER. Consolidated Financial Statements And Supplementary Information With Independent Auditors Report Consolidated Financial Statements And Supplementary Information With Independent Auditors Report For the Years Ended June 30, 2016 and 2015 TABLE OF CONTENTS Independent Auditors Report 1 Financial Statements

More information

ADVANCED REGENERATIVE MANUFACTURING INSTITUTE, INC.

ADVANCED REGENERATIVE MANUFACTURING INSTITUTE, INC. FINANCIAL STATEMENTS and SUPPLEMENTARY INFORMATION and FEDERAL REPORTS IN ACCORDANCE WITH UNIFORM GUIDANCE Eleven Month Period Ended December 31, 2017 With Independent Auditor's Report INDEPENDENT AUDITOR'S

More information

Financial Reports FSL PROGRAMS, FSL PATHWAYS, AND FSL HOME IMPROVEMENTS. Phoenix, Arizona COMBINED FINANCIAL STATEMENTS AND UNIFORM GUIDANCE REPORTS

Financial Reports FSL PROGRAMS, FSL PATHWAYS, AND FSL HOME IMPROVEMENTS. Phoenix, Arizona COMBINED FINANCIAL STATEMENTS AND UNIFORM GUIDANCE REPORTS Financial Reports FSL PROGRAMS, FSL PATHWAYS, AND FSL HOME IMPROVEMENTS Phoenix, Arizona COMBINED FINANCIAL STATEMENTS AND UNIFORM GUIDANCE REPORTS Years Ended June 30, 2017 and 2016 INDEPENDENT AUDITORS

More information

Pontiac ILF Limited Dividend Housing Association Limited Partnership HUD Project No

Pontiac ILF Limited Dividend Housing Association Limited Partnership HUD Project No Pontiac ILF Limited Dividend Housing Association Financial Report with Supplemental Information December 31, 2011 Certificate of Partners We certify that we have examined the attached financial statements

More information

FRIENDS OF GOOD SHEPHERD MANOR HOUSING ORGANIZATION, INC. PROJECT NO. 043-HH008-NP-WDD

FRIENDS OF GOOD SHEPHERD MANOR HOUSING ORGANIZATION, INC. PROJECT NO. 043-HH008-NP-WDD FRIENDS OF GOOD SHEPHERD MANOR HOUSING ORGANIZATION, INC. FINANCIAL STATEMENTS DECEMBER 31, 2014 AND 2013 WITH INDEPENDENT AUDITOR S REPORTS AND MORTGAGOR S AND MANAGEMENT AGENT S CERTIFICATIONS CONTENTS

More information

HOMEOWNERSHIP CENTER OF TACOMA FINANCIAL STATEMENTS SUPPLEMENTARY INFORMATION

HOMEOWNERSHIP CENTER OF TACOMA FINANCIAL STATEMENTS SUPPLEMENTARY INFORMATION FINANCIAL STATEMENTS SUPPLEMENTARY INFORMATION Years Ended June 30, 2017 and 2016 TABLE OF CONTENTS INDEPENDENT AUDITOR S REPORT 1-2 FINANCIAL STATEMENTS Statements of Financial Position 3 Statements of

More information

Recreational Boating and Fishing Foundation. Financial Statements Including Uniform Guidance Reports and Independent Auditors Report

Recreational Boating and Fishing Foundation. Financial Statements Including Uniform Guidance Reports and Independent Auditors Report Financial Statements Including Uniform Guidance Reports and Independent Auditors Report March 31, 2016 and 2015 Financial Statements March 31, 2016 and 2015 Contents Independent Auditors Report... 1-2

More information

Peace Presbyterian Village d/b/a The Village of Peace Manor (a not-for-profit corporation) FHA Project No. 044-EE019

Peace Presbyterian Village d/b/a The Village of Peace Manor (a not-for-profit corporation) FHA Project No. 044-EE019 (a not-for-profit corporation) Financial Report with Supplemental Information June 30, 2009 Certificate of Officers We certify that we have examined the attached financial statements and supplemental information

More information

ASSOCIATION FOR SUPPORTIVE CHILD CARE, INC. (a non-profit corporation) Financial Statements and Schedules with Auditor s Reports

ASSOCIATION FOR SUPPORTIVE CHILD CARE, INC. (a non-profit corporation) Financial Statements and Schedules with Auditor s Reports (a nonprofit corporation) Financial Statements and Schedules with Auditor s Reports Year ended December 31, 2016 TABLE OF CONTENTS PAGE Independent Auditor s Report 1 2 Financial Statements: Statement

More information

RHODE ISLAND MAYORAL ACADEMY BLACKSTONE VALLEY AND AFFILIATE

RHODE ISLAND MAYORAL ACADEMY BLACKSTONE VALLEY AND AFFILIATE RHODE ISLAND MAYORAL ACADEMY BLACKSTONE VALLEY AND AFFILIATE Consolidated Financial Statements and Supplementary Information (With Independent Auditors Report Thereon) RHODE ISLAND MAYORAL ACADEMY BLACKSTONE

More information